Barings Global Short Duration High Yield Fund (NYSE:BGH) Sees Significant Increase in Short Interest

Barings Global Short Duration High Yield Fund (NYSE:BGH – Get Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 32,200 shares, a growth of 168.3% from the December 15th total of 12,000 shares. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is presently 0.5 days.

Barings Global Short Duration High Yield Fund Price Performance

Shares of NYSE:BGH opened at $13.64 on Friday. Barings Global Short Duration High Yield Fund has a 1-year low of $11.91 and a 1-year high of $16.85. The business has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $13.12.

Barings Global Short Duration High Yield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Thursday, March 23rd will be paid a $0.1056 dividend. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 9.29%.

Institutional Trading of Barings Global Short Duration High Yield Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TSP Capital Management Group LLC increased its stake in shares of Barings Global Short Duration High Yield Fund by 2.6% in the 4th quarter. TSP Capital Management Group LLC now owns 367,382 shares of the company’s stock valued at $4,658,000 after acquiring an additional 9,217 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Barings Global Short Duration High Yield Fund by 37.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 272,645 shares of the company’s stock valued at $3,457,000 after acquiring an additional 73,808 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of Barings Global Short Duration High Yield Fund by 11.6% in the 4th quarter. Capital Investment Advisors LLC now owns 109,704 shares of the company’s stock valued at $1,391,000 after acquiring an additional 11,430 shares during the last quarter. Royal Bank of Canada grew its position in shares of Barings Global Short Duration High Yield Fund by 33.8% in the 3rd quarter. Royal Bank of Canada now owns 24,233 shares of the company’s stock valued at $296,000 after purchasing an additional 6,117 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Barings Global Short Duration High Yield Fund by 12.9% in the 3rd quarter. MML Investors Services LLC now owns 15,729 shares of the company’s stock valued at $192,000 after purchasing an additional 1,799 shares during the period.

Barings Global Short Duration High Yield Fund Company Profile

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Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund is co-managed by Babson Capital Global Advisors Limited. It invests in fixed income markets across the globe. The fund primarily invests in global high-yield bonds, loans, and other income-producing instruments that are, at the time of purchase, rated below Baa3 by Moody's Investors Service, Inc or below BBB- by Standard & Poor's Rating Services.